Direct Line Insurance Group PLC CEO Penny James is Stepping Down

By Elena Vardon Direct Line Insurance Group PLC said on Friday that CEO Penny James will step down from the role with immediate effect. The non-life insurance company said that Chief Business Officer Jon Greenwood has been appointed as Deputy CEO while the board of directors is looking for a permanent replacement for Ms. James. … Read more

What’s next for Bed Bath & Beyond after defaulting on its loans?

Home goods retailer Bed Bath & Beyond Inc. announced the failure. in a filing on Thursday, defaulted on called loans, sending its shares down. The filing comes three weeks after Bed Bath & Beyond BBBY, -22.22% said may need to declare bankruptcy. The struggling company, which recently threat along with delisting its shares due to … Read more

What’s next for Bed Bath & Beyond after defaulting on its loans?

Home goods retailer Bed Bath & Beyond Inc. announced the failure. in a filing on Thursday, defaulted on called loans, sending its shares down. The filing comes three weeks after Bed Bath & Beyond BBBY, -22.22% said may need to declare bankruptcy. The struggling company, which recently threat along with delisting its shares due to … Read more

Marathon Gold Upsized Credit Facility for Valentine Gold Project

By Robb M. Stewart Marathon Gold Corp. has raised a large loan to help finance the construction and development of its Valentine gold project in eastern Canada and it is planned to buy back a part of the government for the project. The Toronto-based gold company said on Wednesday it had restructured and restructured a … Read more

Los Angeles Police Federal Credit Union hires new CEO

Los Angeles Police Federal Credit Union in Van Nuys, California, hired John Roemer as president and CEO. Roemer is fine Ed Hadwho is retiring after five years as CEO of the $1.4 billion credit union. John Roemer has been named CEO of the Los Angeles Police Federal Credit Union. Roemer, who started Jan. 23, has … Read more

The era of cheap credit is just getting started.

Credit losses in the $1.4 trillion U.S. mortgage market are starting to fall as the Federal Reserve’s rate hikes threaten companies clinging to cheap debt. Companies that do not qualify as investments, perhaps because of high debt or bad history, rushed to make special loans in the last decade, causing the rise of sector to … Read more

This handy calculator will tell you how your ability to buy a home is affected by the mortgage process.

Welcome to the MarketWatch Metrics column, where we often take an in-depth look at one statistic that matters to the financial world and your finances. There are many metrics that can help us make financial decisions. We explain how it came about and what we can learn from it. Know a metric you want to … Read more

Synchrony Financial 4Q Profits Fall as Credit Ratings Rise

By Will Feuer Synchrony Financial’s earnings fell in the fourth quarter, as the company posted more than twice as much debt income than the same period last year. The Stamford, Conn.-based company. reported fourth-quarter revenue of $577 million, down from $813 million in the same period a year earlier. Earnings per share were $1.26, compared … Read more